The Government lately issued Decree 61/2010/ND-CP, stipulating additional preferences for agricultural and rural development.
The Decree will take effect since July 25, 2010.
The list of preferential sectors includes cultivation, aquaculture, and development of raw materials for processing zones.
to the Decree, the Government will exempt or cut 50-70% of fees for
land or water surface leased up to 15 years in maximum for agricultural
enterprises will be given a cut of 50-100% of vocational training fees,
50-70% of advertisement costs, as well as 50-70% of expenditures for
participating in exhibitions. In addition, they will have to pay lower
costs, from 50% to 100%, for accessing to information about agricultural
reported by the Vietnam Economic Management Review (VEMR), there are
around 39,000 enterprises operating in the agricultural sector and rural
areas and accounting for 30% of domestic businesses. The figure is
relatively low due to poor competitiveness, high risks of natural
disasters, and long-term capital refund.
the Decree is expected to lure more inflows of investment in the sector
and rural areas, benefit peasants and utilize potentials there.
new policy will encourage enterprises to pour more investment in
perfecting socio-economic infrastructure in rural areas, spurring
production activities and services for job generation, renovation and
modernization in the countryside.
Source: Government website